Incredible opportunity with this 22-unit Rowhouse complex. 21- 2-bedroom units plus 1 unit that has been converted into office/storage and laundry room for the complex. Could be converted into 1 bedroom suite and keep laundry where it is. Rents are below market value and could be raised to increase revenue by more than $25,000 per year. All units have front and back access, furnace, and water heaters. Tenants are responsible to pay all utilities. Updates include all windows and furnaces plus roof has been resurfaced. Units are also renovated as needed. Property is currently owner managed for the last 20+ years but a Professional Property Management company is available at 7% of gross rent. Vacancy rate is very low, and units are incredibly easy to rent. Listing price is below recent appraisal value.
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